SOMERS, N.Y. - (Business Wire) The Pepsi Bottling Group, Inc. (NYSE: PBG) announced that Cynthia M. Trudell, PepsiCo
’s Senior Vice President Human Resources, was elected to the PBG Board of Directors today during PBG
’s Annual Meeting of Shareholders.
“We’re delighted to welcome an accomplished business leader like Cynthia Trudell to the PBG Board. She has proven herself throughout her career to be an executive who knows the franchise system and knows how to deliver results and create shareholder value. She will be a valuable addition to our Board as we focus on executing PBG’s long-term growth strategy,” said Barry Beracha, Non-Executive Chairman of the PBG Board.
Trudell joined PepsiCo in her current role in February of 2007, following seven years of service on PepsiCo’s Board of Directors. Prior to joining PepsiCo, she was Vice President of Brunswick Corporation and President of Sea Ray Group. She also spent 20 years with General Motors, ultimately rising to the position of Chairman and President of the company’s Saturn Corporation. Trudell began her career with the Ford Motor Company as a chemical process engineer.
Trudell takes the PBG Board seat formerly held by Margaret D. Moore, who chose not to stand for re-election.
“We thank Peggy Moore for over seven years of service on PBG’s Board,” Beracha said. “Peggy’s contributions have made PBG a stronger company, and we’re fortunate to be able to replace one outstanding Board member with another.”
PBG shareholders also voted today to re-elect Linda G. Alvarado, Barry H. Beracha, John C. Compton, Eric J. Foss, Ira D. Hall, Susan D. Kronick, Blythe J. McGarvie, John A. Quelch and Javier G. Teruel to the PBG Board.
In addition, PBG shareholders approved amendments to each of the Company’s 2004 Long-Term Incentive Plan and Certificate of Incorporation, and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for fiscal year 2008.
About PBG
The Pepsi Bottling Group, Inc. (NYSE:PBG) is the world’s largest manufacturer, seller and distributor of Pepsi-Cola beverages. With approximately 70,000 employees and annual sales of nearly $14 billion, PBG has operations in the U.S., Canada, Greece, Mexico, Russia, Spain and Turkey. For more information, please visit www.pbg.com.
The Pepsi Bottling Group, Inc.
Jeff Dahncke, 914-767-7690
Public Relations
jeff.dahncke@pepsi.com
or
Mary Winn Settino, 914-767-7216
Investor Relations
marywinn.settino@pepsi.com
